Indonesian property prices, rents seen coming under pressure
Luxury tax to be levied on most new apartments; Jakarta to get an estimated 1m sq m of prime office space
Jakarta
PLANS to expand a luxury tax on new apartments in Indonesia and a flood of office space will weigh heavily on rents and property prices in the coming months, bringing to an end - at least for now - some of the region's more spectacular gains.
This week, property consultant Jones Lang Lasalle is expected to release rental and property value data for Jakarta during the first three months of 2015. The news may go some way to dampen market expectations.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
HDB resale volumes recover in April as fewer BTO launches drive demand to secondary market
More homes planned in Media Circle to support housing demand
Country Garden deadlines pose first big test of bond guarantees
Global housing shortages are crushing immigration-fuelled growth
Australia’s housing rent hits record high in headache for RBA
GuocoLand taps X factor to help tenants pull workers to offices amid hybrid work